Nifty Futures Morning Call
11AM... Nifty Futures opened today at 4601 against its previous close of 4575, and is currently trading at 4589. It has so far recorded a HIGH of 4610 & a LOW of 4555. Asian cues are positive, US futures are in green, and European markets are likely to open in positive expecting better quarterly results. Nifty will trade the whole of the session in positive, will post handsome gains, but the last hour trade may lead to profit taking, and nifty may close today in positive but below 4600. NF is likely to trade in the range of 4555-4660.
Trading Calls
11.54AM...NF now at 4565. Go LONG. SL 4532. Target 1 - 4615. Target 2 - 4639.
1.01PM...NF now at 4530. Stop Loss of my above trade is triggered.
Market Closing Report
Nifty futures closed the day just flat at 4576, down 1 point, after touching a low of 4525. Morning high of 4610 remained the high of the day.
NIFTY OUTLOOK
Nifty traded today in both positive & negative zones alternatively, and ended the day near flat at 4572, up 4 points. FIIs net bought 439cr & DIIs net sold 279cr. Though nifty rose from its low of 3918 touched on 13th July very fast on the back of better quarterly results & filled the post budget fall, it has been facing tough resistance on its way to its next target of 4700. It has repeatedly failed to surpass 4600 for the last four days, and profit booking by DIIs at higher levels could be the reason, as they have been net sellers for the last five trading days. Moreover nearness to expiry may lead to some correction from the current levels.
Nifty levels for 28.07.09 Tuesday are: PIVOT 4566, R1 4603 & R2 4634, S1 4534 & S2 4498.
Hi Sir,
ReplyDeleteI have buy 2 lots of 4500put at 35. Do I hold it or square off? Also, 4200put (buy price at 15)still thr in my open position. Please advise..Thanks in Advance..
SL Broken. Any update please Sir
ReplyDeleteDear Kadiyali Sir,
ReplyDeletedo you think more down side from onwards for intraday only.
Can you give down side target for intraday nifty.
Would like to take some more positions on 4500PE need your suggestion here.
Thanks,
Ramesh.
Still carrying 6 lots of 4500PE@50 and carrying 2 lots 4600CE@47/- is hedge.
ReplyDeleteWould like to close 4600CE tomorrow morning and wanted to carry 4500PE till expiry.
I don't know whether this is correct thing or not. kadiyali sir has to comment and has to correct my steps.
Thanks,
Ramesh.
Dear Ramesh,
ReplyDeleteHedging your 4500PE with 4600PE is a step in right direction, but continuous averaging with the losing strike rate is not good. You already had 4 lots of 4500PE, instead of adding 2 more lots of the same strike rate, you could have added one lot of 4600PE. Whenever market moves in opposite direction of our existing options, it is better to book loss in lower strike rate & add higher strike rate for puts & vice versa for calls. Rgrds.
Dear Ramesh, pl read first line as "hedging your 4500PE with 4600CE is a step in right......".
ReplyDeleteThanks sir,
ReplyDeleteIf i get chance then will convert my position from 4500PE to 4600PE.
If possible can give your report at around 3.15Pm as pre-closing report strategy( like what are all the events is trigger for next day if any and those impact) That may help for us.
Thanks,
Ramesh.
Sorry i forget to mentioned, If i get chance then will convert my position from 4500PE to 4600PE or ELSE WOULD LILE TO COME OUT OF POSITION TOMORROW AND LIKE TO CONCENTRATE ONLY NIFTY FUTURE TRADING FOR THIS WEEK.
ReplyDeleteSir,
ReplyDeleteI request you to post your live NF daily trading tips here also as this is must more faster the moneycontrol. Today I purchased your trading tips at 4575 and unfortunately it has hit the stopless. My reason for saying is, if I would have purchased at 4565 my loss would have been less.
Hi Sir,
ReplyDeleteAfter reading your intraday call today, I purchased 4600 CE at 53. Now I m holding
-4200PE at 15 (CMP 2.55)- 16 lot
-4500PE at 35 (CMP 29.35)- 2 lot
-4600CE at 53 (CMP 48.30)- 1 lot
Now it seems that...4200PE is defintly on loosing side, as you told earlier, so shd I square off tommorrow at watvr the price I get it?
Other queries are when shd I come out of 4600CE / 4500PE positions?
Sir, please guide...i m in need of your great help..
Thanks in Advance...
Sir as per your recomendation should i bought 4500PE as it is under 30 for the remaining period i.e. 3 days. Plz give guidence in this regard.
ReplyDeleteTHX
Sir, what sh. we do with Balaji telefilms? Should we wait for 60 or exit now.
ReplyDeleteDear pveni,
ReplyDeleteThe portion of Balaji Telefilms bought at 48 may be liquidated now as it is above 52 now, and the one you bought around 45 may be retained. Rgrds.
Dear bannerjee,
ReplyDeleteI will concentrate more in my blog here regarding F&O and trading, and will concentrate on MMB for investments. So you can look forward to all my writings reg F&O and trading first in this blog, though I may copy it in my mmb homepage later. Rgrds.
Dear topiwala,
ReplyDeleteYou need not buy 4500PE at this stage, but may buy 4600PE ONLY below 60 as recommended by me in my Weekly Report. It had briefly slipped below 60 today morning, whoever placed the order even for 59.10 would have got it today morning. Rgrds.
Sir holding 1 lot NF long at 4580 levels.Plz sugest yt to do exit or hold uptill expiry.
ReplyDeleteTHX
Dear masti,
ReplyDeleteYou can exit your NF long taken an 4580 today before 1.30PM or your cost whichever is earlier. Rgrds.